Description:
1932 SHANGHAI. 1 Share of 15 yuan, unissued. orange, black. No 6880. Vignette of the offices of the company, and decorative border. 'NY' in the underprint and on the coupons comes from 'Nan Yang', Chinese for South Seas. Otherwise, text all in Chinese. Printed in Shanghai, so the company doubtless came from that city.